Charter Communications (NASDAQ:CHTR) Price Target Lowered to $240.00 at Royal Bank Of Canada

Charter Communications (NASDAQ:CHTR) had its price target lowered by analysts at Royal Bank Of Canada from $265.00 to $240.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 26.48% from the company’s previous close.

A number of other brokerages have also weighed in on CHTR. Sanford C. Bernstein dropped their price objective on shares of Charter Communications from $280.00 to $240.00 and set a “market perform” rating on the stock in a report on Thursday. Barclays dropped their price target on Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a report on Monday, December 29th. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a research report on Monday, November 3rd. Finally, Citigroup reduced their target price on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat.com, Charter Communications currently has a consensus rating of “Reduce” and a consensus price target of $313.31.

Charter Communications Stock Down 2.5%

Shares of CHTR stock opened at $189.76 on Friday. The stock’s fifty day moving average price is $204.71 and its 200 day moving average price is $258.90. Charter Communications has a 1-year low of $187.85 and a 1-year high of $437.06. The company has a market cap of $24.56 billion, a price-to-earnings ratio of 5.27, a price-to-earnings-growth ratio of 0.53 and a beta of 1.06. The company has a debt-to-equity ratio of 4.89, a current ratio of 0.37 and a quick ratio of 0.37.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing the consensus estimate of $9.66 by ($1.32). Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The business had revenue of $13.67 billion during the quarter, compared to analyst estimates of $13.76 billion. During the same period in the prior year, the business posted $8.82 EPS. Charter Communications’s revenue was down .7% compared to the same quarter last year. On average, research analysts expect that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Insider Transactions at Charter Communications

In related news, Director David C. Merritt sold 1,200 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total transaction of $271,416.00. Following the sale, the director owned 10,146 shares in the company, valued at approximately $2,294,822.28. This trade represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Charter Communications

A number of hedge funds have recently bought and sold shares of the business. Tempus Wealth Planning LLC raised its position in shares of Charter Communications by 36.3% in the fourth quarter. Tempus Wealth Planning LLC now owns 3,201 shares of the company’s stock valued at $668,000 after buying an additional 853 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Charter Communications by 15.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 27,548 shares of the company’s stock valued at $5,751,000 after acquiring an additional 3,719 shares during the last quarter. Brookstone Capital Management lifted its stake in Charter Communications by 33.7% in the 4th quarter. Brookstone Capital Management now owns 3,371 shares of the company’s stock worth $704,000 after purchasing an additional 849 shares in the last quarter. J. Safra Sarasin Holding AG acquired a new position in shares of Charter Communications during the 4th quarter worth approximately $779,000. Finally, Mn Services Vermogensbeheer B.V. grew its position in shares of Charter Communications by 1.5% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 35,325 shares of the company’s stock valued at $7,374,000 after purchasing an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.